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Investors welcome UK's plans for mandatory transition reporting

Investors and NGOs have given a cautious welcome to the UK's plans to introduce mandatory reporting for financial firms on their transition strategies.

News Round Up: COP26, IEA, Robeco, Zouk and more

Business alliance calls for major changes to UK policy following pandemic

UK-based business alliance The Aldersgate Group has called for a wide range of green-based policy responses to guide the economic rebuild in the wake of the Covid-19 pandemic.

UK government launches COP26 after sacking president

The UK government's launch of the UN Climate Summit, to be hosted in Glasgow in November, was overshadowed by its dismissal of the president of the negotiations, who hit back with a letter warning the process is "miles off track".

GIG claims success as it spreads its wings

The Green Investment Group has had a successful first year in the private sector, with significant expansion overseas, Ed Northam tells Peter Cripps.

UK seeks £400m EV fund manager with eye on lost EIB funding

The UK ‘will be prepared’ for the European Investment Bank (EIB) to pull funding for clean energy infrastructure projects, the country’s government has suggested.

Hold AGM vote on compliance with mandatory TCFD, suggests Aviva's Waygood

Aviva Investors has thrown its might behind proposals to make climate disclosures mandatory, adding that shareholders could vote on whether they approve of the reporting.

UK urged to issue sovereign green bond to plug EIB, GIB funding hole

The UK Government was urged to issue a sovereign green bond to help plug gaps in funding left by the sale of the Green Investment Bank (GIB), according to Aldersgate Group.

UK bids to consolidate 'leadership' in green finance

The UK government has announced a taskforce of senior financiers to help accelerate the growth of green finance – a field in which it claims the UK already enjoys global leadership.

Macquarie completes acquisition of Green Investment Bank

The UK government must develop a new strategy for private sector investment after a Macquarie-led consortium completed its £2.3 billion ($2.96 billion) acquisition of the Green Investment Bank (GIB), according to a group of business leaders.